I'm not positive but I think this means that if you use an old wallet to send a transaction it will not confirm once the mining nodes are upgraded. Users should upgrade or patch promptly.

A small fraction, doesn't sound so good but, okay.

This does not fix it. mro.extremepool.org and moneropool.com continue to orphan tons of blocks as they can start mining on their own blocks with 1 MH/s far faster than the whole network starts mining on smaller pools' and solo miners' blocks.

I've mined hundreds on a test net. If that qualifies. I could even set up a temporary test pool up just demonstrate that it works as expected.

None. That's all I would say. The reason, I don't know, maybe it's cause I was late but definitely not that my pool doesn't perform well. The features are available on the github README but I guess that hardly matters now.

Block rewards looking better.

This should solve the cheap-attack-to-fill-the-blockchain-with-crap vector?

Reminder for pool ops wanting to use the experimental version with fixed block reward/mempool algos, follow these instructions for linux:

Awesome simulation! You guys make great points. The fixed rate is technically a variable interest as well, just going down all the time ... it took me a minute or ten to make the correlation which your simulation makes incredibly clear .

Having the fixed reward will set this apart in a great way, and does solve a whole lot of issues.

I like the direction we're headed in. Thanks for the discussion!

I got into Bitcoin because I don't want a similar release to gold. (Or banks!)

I always thought that Satoshi should have kept the 50 bitcoin reward constant, yeah the first 10 years would have had huge inflation but it would allow more people to get on board during the early years. Then 50 years in bitcoin would have been having a moderate inflation but still enough to entice all peoples to invest in a growing currency. 100 years and you're on 1% and then after you get the super rare phase.

Ethereum is the only coin doing it right I think, it'll be a constant supply and people can mine the same amount of Ethereum in a thousand years, but of course it'll be 0.0001% of the supply by then, causing all the Ethereum to hold great value.

In the meantime Bitcoin will be earning it's security from transaction fees. Good luck with that.

Oh and gold? Well gold is 1% now, but there is a limited amount in the Earth. gold is likely to decrease it's percent too, until space mining is a thing.

MRO under a 1% scheme would be worse, as the supply will increase every year, causing MRO to lose value year after year forever.

I would prefer not to have a compounding 1% devaluation of everyones holdings for all time. :p

I really like the idea of lowest reward being 1 MRO per block. Remember that transaction fees would also add quite a bit by that time (As this assumes MRO is being widely used in 20 - 40 years and hasn't died!)